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Inflation latest news

Kristine DagunoBersamina - Lucas Bersamin - Marcos issues EO increasing salaries, benefits of gov't employees - philstar.com - Philippines - city Manila, Philippines

Marcos issues EO increasing salaries, benefits of gov't employees

MANILA, Philippines — President Ferdinand “Bongbong” Marcos has issued an order increasing the wages and granting an additional allowance to government workers, the Presidential Communications Office (PCO) announced on Saturday. Executive Order (EO) 64, signed by Executive Secretary Lucas Bersamin on August 2 by authority of Marcos, is effective immediately upon its publication in the Official Gazette or a newspaper of general circulation.

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Eli Remolona-Junior - High food prices 'could put a lid' on BSP's rate cut plan - manilatimes.net - Philippines - Ukraine - Russia - city Manila

High food prices 'could put a lid' on BSP's rate cut plan

MONETARY authorities could shelve a plan to cut key interest rates next month given the likely impact of a recent typhoon and still-high rice prices, ING Manila Bank said.

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Eli Remolona - US Federal Reserve holds steady but signals September pivot more likely - philstar.com - Philippines - Usa - county Jerome - city Powell, county Jerome

US Federal Reserve holds steady but signals September pivot more likely

The US Federal Reserve (the “Fed”) [link] elected to leave interest rates unchanged yesterday, but remarked through its chairman that the decision to pivot and apply the central bank’s first rate cut “could be on the table in the September meeting.” Fed Chairman Jerome Powell said that the US job market is in a “good place” and that he would “not like to see material further cooling to the job market”. Mr. Powell said that the Fed was on-trend for a “soft landing”, which is an outcome where inflation is brought back down into the 2% maximum band without triggering a recession.

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Most stocks rise on Fed rate cut hope but strong yen batters Tokyo - philstar.com - Usa - Japan - China - Hong Kong - county Jerome - city Tokyo - city Taipei - city Seoul - city Manila - city Jakarta - city Hong Kong - city Shanghai - city Wellington - city Powell, county Jerome

Most stocks rise on Fed rate cut hope but strong yen batters Tokyo

HONG KONG, China — Most equity markets rose Thursday after the Federal Reserve flagged a possible interest rate cut next month, but Tokyo's Nikkei tumbled on a stronger yen following a hike by the Bank of Japan.

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Ferdinand Marcos-Junior - Eli Remolona-Junior - Jean Mangaluz - July 2024 inflation seen to hit 4.% to 4.8% - philstar.com - Philippines - city Manila, Philippines

July 2024 inflation seen to hit 4.% to 4.8%

MANILA, Philippines — Inflation in July is projected to surpass the government’s target range, increasing up to 4.0% to 4.8%, according to the Banko Sentral ng Pilipinas (BSP) on Wednesday. 

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Yen rises after Japan hikes interest rates, eyes turn to Fed - philstar.com - Usa - Japan - China - Hong Kong

Yen rises after Japan hikes interest rates, eyes turn to Fed

HONG KONG, China — The yen rose against the dollar Wednesday after Bank of Japan hiked interest rates for the second time in 17 years, while equity markets in Asia rose on growing hopes for a cut in US borrowing costs.

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Markets mixed in cautious trade ahead of central bank decisions - philstar.com - Usa - Japan - China - Hong Kong - county Jerome - city Powell, county Jerome - county Bond

Markets mixed in cautious trade ahead of central bank decisions

HONG KONG, China — Equity markets were mixed Tuesday as investors jockey ahead of a slew of central bank decisions, key economic data and earnings from tech titans this week.

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Stephen Innes - Asian markets extend Wall St rally after US data and ahead of Fed - philstar.com - Usa - Japan - China - Hong Kong - New York - county Jerome - city Tokyo - city Taipei - city Seoul - city Manila - city Hong Kong - city Singapore - city Powell, county Jerome

Asian markets extend Wall St rally after US data and ahead of Fed

HONG KONG, China — Asian markets rallied Monday, tracking a surge on Wall Street after data showing US inflation slowed further in June stoked hopes the Federal Reserve will cut interest rates.

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